ECON101
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Economic Principles
Subject
ECON
Catalog Number
101
Title
Economic Principles
Course Description
Basic microeconomic concepts such as demand and supply, market structures, pricing and equilibrium. Conditions for market efficiency, and approaches to addressing market failures from externalities, asymmetric information and market power. Tensions between efficiency and equity. Macroeconomic concepts such as inflation, unemployment, trade, economic growth and development. Different perspectives on issues of monetary and fiscal policy. Emphasis on public policy issues and the logic behind the economic way of thinking. Open to all students.
Grading Basis
Satisfactory/Unsatisfactory
Course Typically Offered
Fall and/or Spring
Consent (Permission Number)
No Special Consent Required
Min Units
1
Max Units
1
Lecture
General Education Curriculum Codes
SB - (SB) Social & Behavioral Analysis: A&S Curriculum